Cost to finance a new car hits a record $656 per month — and auto shoppers could pay even more with latest Fed rate hike - CNBC

As interest rates head higher and auto prices remain elevated, monthly payments are expected to continue squeezing consumers' budgets.

For consumers in search of an affordable new car, there's little relief on the horizon. The monthly costs to finance a vehicle purchase have hit record highs. Consumers face monthly payments averagi… [+3067 chars]

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